“With our entry into Nigeria over 2 years ago, we had one goal – build the best way to move in all the cities we operate,” it wrote.

“We have grown in leaps and bounds over the years and are now aiming to solve transportation needs on a broader scale.

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“Because of this, we are rebranding to take on a new name, one which encompasses our future. Our new name Bolt, stands for fast, effortless movement- exactly what you deserve.”

While the new brand will be gradually rolled out across Bolt’s global markets over the following weeks, users have been informed not to take any action as the app will update automatically.

Bolt, was launched in August 2013 and in 2014 it went on to foreign shores, has evolved to now serve 25 million customers in over 30 countries and 100 cities globally, growing to be a leader in Europe, Africa, West Asia, North America and Australia.

It is also believed that it was the first company to bring ride-hailing and scooter sharing together in one single app.